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EDEN (EDEN)

EDEN (EDEN)

EDEN (EDEN) is a testing technology developed specifically for enterprises. This is a fast, safe and reliable third generation platform that allows you to capitalize all tangible and intangible values ​​​​using smart contracts, allows people to trade freely over the Internet without intermediaries.

EDEN (EDEN) is a testing technology developed specifically for enterprises. This is a fast, safe and reliable third generation platform that allows you to capitalize all tangible and intangible values ​​​​using smart contracts, allows people to trade freely over the Internet without intermediaries. In a certain network, a number of transactions occur, which change in the global state of the network, are combined into groups (“blocks”) that join the consensus chain (such as the block chain). The specific mechanism for choosing who has the right to create a block varies from network to network. In the system of work confidence, there is a competitive game aimed at obtaining a calculated and costly result. In the Proof-of-Stake block, the producer is selected probabilistically from the set of participants by the economic rate. In the production of block production products, there are usually various kinds of freedom allowed by the network.

Eden complements Flashbots by adding additional options for users and applications to get a guarantee of blocking their transactions, and block producers for a reward. Eden Network is compatible with Flashbots and block producers can mine Flashbots packages.

MEV stands for "Miner's Retrievable", just like "Maximum Retrievable Flora", is the monetary/financial flora that miners can extract by intentionally reordering transactions in each Ethereum block. Changing the order in which transactions are processed allows miners to create and use arbitrage opportunities. Usually they are presented in the form of "sandwich attacks", "liquidation" and "preemption".

The specific type of MEV that can be implemented varies from fairly good, i.e. using their freely available opportunities, for example, in the field of aggressive behavior. advance attack and sandwich attacks [ZQT+20] or malicious reorganization of the chain, such as the time of the attack of the bandits.

In the end, all MEVs can be interpreted as a tax on network participants.

According to the possibility of a significant increase in the EIP-1559 board, the profit of Ethereum block producers may increase, decrease, more difficult to predict. While historical blocks discover MEV passively through transaction fees, revenues from bots outbidding a friend for priority inclusion in the next block (such as Priority Gas Auctions or “PGA”), mining pools have implemented solutions for more direct withdrawal of MEV.

Services such as Flashbots, MiningDAO, and CowSwap are examples of products in the Ethereum ecosystem that either send MEVs to or from block producers. In particular, as of July 21, 2021, most of the Ethereum network hashrate has moved to MEV-Geth, a fork of the go-ethereum reference client (also known as “geth”) created by Flashbots. MEV-Geth allows partial participation in the closed bidding auction to order a mempool / private transactions in order to increase the balance of ether, transfer to the address of the block producer, i.e. capture the MEV.

There are four delayed MEV ecosystems:

- block producers;

-bots;

-applications;

- Common network applications.

Existing approaches to MEV distort the incentives to use multiple subsets of discovered parties, and as a result, networks are discovered that occur between the redistribution of the cost received in terms of query capabilities in the network.

The Eden network focuses on the user approach to the MEV problem and includes better incentives for all identified parties driven by the infection token. It includes a new transaction sequencing engine and a private relay that any user, app or bot can use to gain government control over submitted transactions. Honest producers are rewarded in protocol tokens for mining according to the order mechanism.

There are several goals of the Eden network:

Increasing Block Producer Revenues and Improving Security at the Consensus Level

Protect users from malicious MEVs (hot attacks, sandwich attacks, etc.) and reduce the negative externalities that MEVs have on Ethereum.

MEV tokenization and democratization of access to use-protected rewards using network tokens

Consider how the Eden Network works with Ethereum.

Transparency is a key goal of the Eden network as we have seen decisions dominate other block spaces with failed transactions using

Timeline

Patents

Further Resources

Title
Author
Link
Type
Date

Tackling Miner Extractable Value w/ Caleb Sheridan, Core Developer of the Eden Network

Web

January 7, 2022

References

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